Fraser Holdings Limited provided earnings guidance for the nine months ended 31 January 2017. The group is expected to report a substantial decrease in profit for the nine months of approximately 30% to 40%, as compared to the nine months ended 31 January 2016, which is mainly attributable to the decrease in revenue due to the completion of certain public sector slope works projects; certain delays in works orders under the Group's ongoing slope works contracts; the decrease in gross profit margin for the projects as a result of the tougher competitive conditions and challenging operating environment.